Land of Lincoln Mutual Health Insurance Company ("Land of Lincoln")
Welcome to the webpage for Land of Lincoln Mutual Health Insurance
On September 29, 2016, Land of Lincoln Mutual Health Insurance Company was ordered into
liquidation. Jennifer Hammer, Director of Insurance of the State of Illinois,
is the statutory and court-affirmed Liquidator. By Illinois law, the Director may
appoint a Special Deputy Receiver to administer the receivership. The Office of the
Special Deputy Receiver has been appointed to assist in the day-to-day administration
of the liquidation proceedings under the direction of the Director. Here is additional
information on Land of Lincoln Mutual Health Insurance Company:
For more information read our Frequently Asked Questions and other documents below. This page and documents will be updated as new information becomes available.
|Rehabilitation Date:||July 14, 2016|
|Liquidation Date:||September 29, 2016|
|Claims Filing Deadline:||March 29, 2018|
|Contingent Claims Filing Deadline:||March 29, 2019|
|Click here to view the Land of Lincoln Mutual Health Insurance Company docket and upcoming court dates maintained by the Clerk of the Supervising Court.|
|Related Documents and Links:|
June 23, 2017: The Liquidator is soliciting bids from parties interested in entering into a purchase
agreement with the Estate for purposes of purchasing title to a portion of the Net Proceeds
of the lawsuit captioned as Land of Lincoln Mutual Health Insurance Company v. United States,
Case No. 16-744C, if any, in consideration of its payment to the Estate at closing of an
amount up to $37,000,000. You can find the Invitation For Bids and Non-Disclosure Agreement here.
|Historical Data:||Check the NAIC Global Receivership Information Database ("GRID") for additional data on insurance companies in receivership.|
Land of Lincoln is a start-up mutual health insurer organized as a Consumer Operated and Oriented Plan (‘CO-OP") under the Affordable Care Act and was licensed under the Illinois Insurance Code by the IDOI in April, 2013. CO-Ops were sponsored by CMS to increase competition among insurance companies and thereby lower prices for consumers. Land of Lincoln currently provides health insurance to approximately 49,000 Illinois residents.
On July 14, 2016, An Agreed Order of Rehabilitation was entered against Land of Lincoln Mutual Health Insurance Company (“Land of Lincoln”) by the Circuit Court of Cook County, Illinois pursuant to the provisions of Article XIII of the Illinois Insurance Code, 215 ILCS 5/187 et seq.